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 Replies: 40 / Views: 5,951 |
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Valued Member
 Australia
315 Posts |
I believe the 1930 has had that much hype around it over the past 8 decades that it has overpriced itself dramatically. This is probably why it has tapered off or even dropped in priced
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Pillar of the Community
Australia
7096 Posts |
YES they are. With a mintage of 3000 even a crappy one gets a Guernsey for $10-15 grand. Compare that to the super low number of known Uncirculated/MS Millennium incused coins and yet even these rare coins don't get anywhere near that sort of money. 1930 penny's come up for sale at least once a week {Real and fakes), When is the last time (if ever) you have seen a NGC/PCGS incuse graded at MS64 or better up for auction. IMHO they are a FAR rarer coin than a beaten up 1930 penny  |
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Valued Member
Australia
315 Posts |
LOL, I definitely wouldn't say no to a MS-64 incused. Compare the 1930 penny to our neighbors NZ 1935 Waitangi Crown (less than a thousand made) You can buy a proof for less than 7K. Go figure... Sounds like a much better investment. At least they do come out with a proof unlike our 1930 penny. The 6 specimens that were made are way way way overpriced. Sure you would want to pay 1.5Million for one of the top 6 specimens made
Edited by coinsaus
02/10/2014 07:49 am
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Moderator
 Australia
16831 Posts |
The price quoted on the APCGS certificate is definitely over the top; a 1930 penny that actually was in gF condition sold at the November 2013 Nobles sale for $15,000 against a $15,000 estimate - which is definitely a drop from the prices printed in my 2010 copy of Maccas. And you definitely shouldn't expect to get that kind of moon money for a 1930 penny by just slapping it on ebay. There's just too many fakes out there. I wouldn't even trust a reputable TPG on ebay for that kind of money, since anyone that can make a convincing fake 1930 penny will have no trouble making a convincing plastic slab. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
Australia
21788 Posts |
A fake slab would prevent macroscopic inspection and weighing of a fake coin contained therein.
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Pillar of the Community
Australia
7096 Posts |
Quote:
A fake slab would prevent macroscopic inspection and weighing of a fake coin contained therein. Nobody would want to fake an APCGS slab Even IF this is a genuine coin it has been cleaned and is WAY overpriced  |
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Pillar of the Community
Australia
1006 Posts |
Okay coinasaurus for slander it must be proven that it is blatantly untrue so here are the points I made and the evidence of each all of which were also stated by other members of CCF. Points where: It is being done by an active coin dealer: runs APCGS and Investigo https://goccf.com/t/156277&whichpage=1Coins are dipped and/or overgraded: evidence of cleaning on the 1930 and overgrading over here https://goccf.com/t/131879&whichpage=2APCGS is riding on the coat tails of PCGS: How misleading it is with that name https://goccf.com/t/156277&whichpage=1On top of that they used to use MS for all grades? and you expect them to know how to grade on a scale of 1 to 70 when they don't even know what MS stands for? Now what would your conclusion be after being provided with all that evidence? What would anyone's conclusion be? That APCGS is junk. Now I have nothing against an Australian company trying to get into business but when it is blatant as proven above that they are dodgy and that they aren't even "independent" but a side business for a coin dealer it is an absolute joke. They are in no way a THIRD PARTY GRADING company but a FIRST PARTY GRADING COMPANY. Secondly Trademarks and Copyright are often breached particularly here as there is no central government office that declares that a name is original nor certifies trademarks or copyright so any person can just make up a name and put a small c at the end of it and considering how APCGS has stolen PCGS name but put Australian in front is misleading and therefore breaches copyright. This happens a lot of the time even when a company can go on for years without contest but then they are sued for breach of copyright. Check how Starbucks copyright was breached by an Vendor in India and a Bar in the US for either reusing it's logo or that a product name was to similar to their own both of which had been operating for sometime prior. |
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Pillar of the Community
Australia
762 Posts |
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I believe that the 1930 penny real price for a fine should be closer to only 10K maximum. There are plenty of other coins in the world that are much scarcer at a price that is lower than the 1930 . You are forgetting that a coin's value isn't only a function of it's "supply" it is also a function of it's "demand". The 1930 Penny is world famous and for this reason will always be worth more than it's mintage would suggest. |
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Pillar of the Community
Australia
1006 Posts |
 with MobofRoos it is supply and demand. I have heard of many issues with very little demand but they are very rare and you would never have suspected it because the price is so low (I think US Californian Gold fits here but don't know if it has taken off now) |
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Valued Member
Australia
315 Posts |
Wow, can't leave here for to long. Quote:
It is being done by an active coin dealer: runs APCGS and Investigo An ebay name means your a coins dealer? wow there's a heck of a lot of coin dealers out there then. Although I just did a search just then and they don't exist on ebay. Quote:
Coins are dipped and/or overgraded: evidence of cleaning on the 1930 and overgrading over here I think I better go and get glasses because I can't see any evidence. I have learn't over the years to never trust a picture on ebay. So I have found the actual coin on there website which actually looks much better http://www.apcgs.com.au/attachments/1401271198.pdf Quote:
I believe it is run by a coin dealer up on the gold coast. Not a retired one but an ACTIVE ONE I live in Melbourne and even I know that Port Macquarie is a heck of a long way from the Gold Coast. I haven't seen anywhere in these comments how you ended up with this. Quote:
APCGS certificate is definitely over the top You better stop living in the 2010 Macca and buy the 2014 lol. Quote:
The 1930 Penny is world famous and for this reason will always be worth more than it's mintage would suggest Yes it is world famous but I'm almost certain that I have read that it actually does not make it into the top 100 world coins Quote:
aren't even "independent" but a side business for a coin dealer it is an absolute joke You got me, I can't see where it is Quote:
coin's value isn't only a function of it's "supply" it is also a function of it's "demand Demand is dropping at an alarming rate as decimal collecting has taken over the market, and the older generation of collectors are a dying breed. Edited by coinsaus
02/10/2014 10:11 pm
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Pillar of the Community
Australia
1006 Posts |
Read through the threads coinsaus it has all the information I posted. I meant at port macquarie Gold Coast was of the top of my head. By the way I never said that investigo were on ebay all I said was that Apcgs coins are being sold by Peter Wallace on ebay. |
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Valued Member
Australia
315 Posts |
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It is being done by an active coin dealer: runs APCGS and Investigo I was reading through some of these threads and it is stated on it that they are investigo on ebay. You believe Peter Wallace is the head of APCGS? Edited by coinsaus
02/10/2014 10:18 pm
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Pillar of the Community
Australia
1006 Posts |
No I don't believe Peter Wallace runs it but ask the reputation of him around the forum and he is notorious for cleaning and/or over grading coins. They run a website I believe probably stopped on ebay due to neg feedback. |
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Valued Member
Australia
243 Posts |
As the adage goes "A coin is worth whatever a collector is willing to pay". The 1930 Penny is extremely popular and it is a big time status symbol amongst collectors. There are way rarer coins out there, even in terms of Australian coins, but the 1930 Penny is the one which people want.
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Pillar of the Community
Australia
1041 Posts |
and I think the 2000 mule $1 is the future 1930 to many and too much hype and is getting a reputation just like the fame of the 1930 everyone dreams of finding one just like today
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Replies: 40 / Views: 5,951 |
First Page
Posted 02/10/2014 07:03 am
